Former Crystal Palace owner Simon Jordan thinks any bidders for Tottenham will have go over £3.1billion to get their hands on the club.
Spurs have so far refused to comment on reports that they are set to be the subject of a £3.1bn takeover by Iranian-American billionaire Jahm Najafi.
Najafi, who is chairman of the MSP Sports Capital group, minority owner in NBA side the Phoenix Suns and has an investment in Formula One team McLaren, is preparing to launch a bid to buy Tottenham, according to the Financial Times.
It said MSP, which has stakes in a number of European football clubs, will put up 70 per cent of the proposed price, with investors from Abu Dhabi set to make up the rest of the offer to current owner Joe Lewis and chairman Daniel Levy.
MSP’s website says it invests “in sports teams, leagues, and businesses in the sports ecosystem that are pursuing ambitious, challenging tasks” and that it focuses “on opportunities where our deep expertise and elite network of principals add value”.
The news may have been well received by Spurs fans, who have recently protested at Lewis and Levy’s running of the north London club.
But Jordan reckons the interested billionaire could have to up his offer for Tottenham or face rejection from ENIC.
“This [bid] wouldn’t get them in the side door,” Jordan told talkSPORT.
“I believe everybody has their price. I think there’s an underlying scenario with [Tottenham chairman] Daniel [Levy] that there’s more to do, lots more to do and this is the beginning of something, not the end of it.”
Jordan continued: “If somebody wants to come in and break their shoulders off with a ridiculous offer – I think £3bn is pretty propelling.
“I assume that £3bn minus any debt was going to be the position. I didn’t think they’d go for £3bn and have to pay off a debt they’ve got on the stadium so they’d walk out with £2bn. There is no traction in this.”
That comes after Jordan yesterday claimed that Levy should “bite their arm off” if he received a £3bn offer from an interested party.
“At £3billion? Bite their arm off at the shoulder, absolutely,” Jordan said.
“Depends how much debt they’re going to take and it depends how much the stadium plays into this and what the whole shape of the deal is. But if Lewis gets to walk away and Daniel [Levy] gets to walk away with £3billion, I should imagine they’ll sprint.
“This is a long way from anything that is going to move past…
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